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Aerovironment Inc. (AVAV) Has Jumped To A New High On Strong Q2 Earnings

Aerovironment Inc. (AVAV) reported second quarter EPS of $0.29 after the bell Tuesday, compared to the loss of $0.18 last year. Analysts expected a loss of $0.06.

Aerovironment gapped open sharply higher Wednesday morning and is now up 13.60 at $57.00 on above average volume. The stock has broken out past resistance and has set a new high for the year.

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